Home Sales on the Rise

It has been predicted by industry experts that the volume of home sales in America will continue to rise as 2009 progresses.  Prices are falling, interest rates are at an all time low, and tax incentives for first home buyers are all motivation for buyers these days. 

Last week, the National Association of Realtors reported that existing home sales have risen since April.  This is the second increase that we have seen in three months.  A month ago, the National forecast 2009 sales at 4.97 million and 2010 sales at 5.28 million.  “Housing affordability conditions have been at historic highs, but now the $8000 tax credit for first time buyers is beginning to impact the market,” says Lawrence Yun, Chief Economists for NAR.  This is yet another reason why there has never been a better time to buy.